Clarification Req - CiteHR
Ravi5554
Asst.manager -hr
Rkn61
Hr Manager
Cameo
Manager
+1 Other

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HI Everyone, My query is, if an employee basic is 8400, hra-5000, conveyance + special -2600+800, and mobile allowance is 200, pls let me know what is his CTC.
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Hi, PF and ESI contribution is there, if PF and ESi is deducting then tell me how much?
PF is 780 and esi not paying , PT is 200. and pf contributed by employer includes in ctc
Hi,
Basic-8400
HRA-5000
Coveyence-800
Mobile Allowance-200
Spl. Allowance-2600
Total Gross=17000
Employee Share- PF- 780
PT- 200
Employer Share- PF-780
Net Salary-16020
Total CTC = 17780
I would like to know, How did you calculated HRA, and how much Percentage given?
Please let me know
You can also consider Gratuity amount (arrive monthly amount) to arrive CTC figure.
Many companies adopt this, while arriving at CTC figure.
As ESI does not apply, there should be some medi+claim policy. Please incoude
the premium amount, paid by the company in the CTC figure.
Thanks.
R K Nair
CTC is calculated as under:
Gross Salary
Add : Employer's Share of PF
Add : Employer's Share of ESI (if applicable, in this particular case, NO)
Add : Mediclaim/Insurance Premium (if paid by employer)
Add : Provision for Gratuity
Add : Provision for Bonus/Ex-gratia Payment
Add : Leave Wages
Add : Canteen Facilities (if subsidised by employer)
Add : Company Transport (If provided/subsidised by employer)
Add : Any other expenses (direct or indirect) borne by the employer
Hi,

HRA is calculating on Basic not Gross, and HRA should be 40% or 50% of Metro and non- metro cities

Please go with HRA Rules

House Rent Allowance (HRA) is best tax saving tools available to employees. With these you can save upto 50% of your salary if you reside in Metro (40% of your salary if you reside in non-metro).

As per income Tax act, for calculation House rent allowance least of the following is available as deduction :

Actual HRA received

50% / 40%(metro / non-metro) of basic ‘salary’

Rent paid minus 10% of ‘salary’. Basic Salary for this purpose is basic+ DA forming part+ commission on sale on fixed rate.

Cities Like, Delhi, Mumbai, Chennai and Kolkata constitutes Metro. All cities other than these are non-Metro. So if you resides in cites like Gurgaon, Faridabad, Bangalore, Hyderabad, etc it would constitutes as Non metro and only 40% deduction will be allowed.

- See more at: House Rent Allowance (HRA) calculation and exemption rules for Delhi,Faridabad, Gurgaon and Noida | TaxDost.com
There is no HRA Rule as such, yes employee can save tax upto 50% or 40% as per Income Tax Calculation, you can put 60% or 75% of Basic as HRA no harm in it.
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